NORWICH – NBT Bancorp, Inc. has reported that net income for the nine months ending Sept. 30, 2010 was $43 million, up 12.5 percent from last year. Net income per diluted share was $1.25 a share, compared to $1.13 for the first nine months of 2009.

Net income for the third quarter of 2010 was $14.6 million, up 7.3 percent or $1 million, from the same quarter in 2009. Net income per diluted share for rose from $.40 to $.42 over the same three month period last year.

“We remain pleased with our financial results in this challenging environment,” reported NBT President and CEO Martin Dietrich in a statement issued Monday. “Our approach of aggressively managing our conservative banking strategy continues to produce positive results.”